Callan Family Office LLC Purchases Shares of 1,776 ANSYS, Inc. (NASDAQ:ANSS)

Callan Family Office LLC acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,776 shares of the software maker's stock, valued at approximately $599,000.

Several other hedge funds also recently bought and sold shares of ANSS. E Fund Management Co. Ltd. boosted its stake in ANSYS by 33.9% during the fourth quarter. E Fund Management Co. Ltd. now owns 2,815 shares of the software maker's stock valued at $950,000 after buying an additional 712 shares during the period. Candriam S.C.A. boosted its position in shares of ANSYS by 5.8% during the 4th quarter. Candriam S.C.A. now owns 5,503 shares of the software maker's stock valued at $1,856,000 after acquiring an additional 304 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of ANSYS during the fourth quarter worth about $283,000. Raymond James Financial Inc. bought a new position in shares of ANSYS in the fourth quarter worth approximately $10,408,000. Finally, Arizona State Retirement System increased its position in shares of ANSYS by 1.4% in the fourth quarter. Arizona State Retirement System now owns 25,350 shares of the software maker's stock worth $8,551,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company's stock.

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Wall Street Analysts Forecast Growth

ANSS has been the topic of several research analyst reports. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Rosenblatt Securities upped their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

ANSYS Price Performance

Shares of ANSS stock traded up $0.07 during trading on Thursday, hitting $317.56. The company had a trading volume of 503,552 shares, compared to its average volume of 429,837. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average is $339.36 and its two-hundred day moving average is $333.58. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. As a group, analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.